Charliy nttthhEr: 1961J12 Compl￿), nuinber: 020¥1264 Kh*ls* CollL'RL' London IA comp*n)' Ilmlted b!, guArantee) Truy¢¢c'$' r¢purl #nd fln*n¢l*l st*lementg for the Year ended 31 January 2025 KlIAIsg Colle2e L￿ndOn (A ¢ompany Ilnilt￿ by guarnntee) ConlL'nts Lesal and &dmit)i%rroflve Snfon¥thiion Tiiisiees. re￿ ]nd¢pl￿1¢,nI exnmincrli, rLIMJrf tal¢1￿.n1 ￿)r fin#ncial llctii'ili¢$ NoiL'S 10 ¢h¢ fii)&i)ci#l 51ottrm¢ni 8- 12 Kbals# College Loadon (A Company Ilmlted by guArantse) Legal Administrnilvt Informatlon ChxTIty 296012 CompAny rcRistr4llon number 02081264 Ro4htored ornce hqiLld1L￿x IIA5,1% Trui¢ees Aiinl Kui)i)i)r ApN>inl¢d l Miy 2024 Rel18n￿ 0Th14Jl)2Q024 Mr% Nl k Kiipnor hqr IJ Mr R % Kiipo()r Indepondetst ¢x•mlntr Arwirtd L j(￿h4 FCA, L TA,IknA * P•rln¢rs l imiiid LliiirfLI'ed A¢¢vvnliintli 7.A Rilz PllTU(IL Weslcrn Avenue )ndon W5 3RA B*nkcbrs Hnrilny% Iliink PIL I l.i¥row' fvlitlillL'4L'X I IAI ?AN lilialso Collexe London (A Lumpany limited by guarant¢¢) Repvrt of tlie trustees (IneorporatlnR the dlri'ctors, report) ior IhL' vr8ri'ndc.d 31 JllnuAry 1025 The iriisiee5 1?reseiil tli¢lr r¢pon nnd illi finnncial sIMi¥ll￿1}IS for Ihe y¢Dr ¢iidtd .1 l Jnnudrv 20ry1. Th¢ Inisie¢8. wl)o ￿re uls(> LlirLLior¥ iTrl' Khulyth C'i)IILyC Li)ndi)n l()r Ihc purp(Tr%L.¥ i)I'ct)mpany und wbi) dliiing IliL y¥¥r Jnd iLP lo IhL dJl¥ ol-Ilii¥ ￿pOrn arL' oiit Qli PUK¥ I. tructure. li>vi'niAni'o wnd iiianARLiincnt Khul*a (:i)IIcgL l.i)n(lon lTrLDrr￿r1l1Cd u prii'lltL ¢iirnpunY liniilL(I IJY iyiih lh¢ iiimpaTry niJmb¢r 2nXI ?h4. li lits¢ no shmre Ciipii&I biii e•cli nKJiiber Iinden*k-os. it) Ihil ¢VIl1101- Y'iiidirig up, ri7 Coiiiribiilc £ I ioward% diL Cogi )Iid XpL￿￿L* of windinu up. l-li¢ cnliip￿nY'5 k*ov¢niing doc11n￿nI is Ilie M¥inorhi)diiin ArtiGIcs of A￿￿0¢1￿110n iii¢orporicil.S Decei￿h￿r 198(1. C)bJccilvib% iiid •¢tlvltlvs ALlIlL'i'emrnl% piirl'Lbrmin¢i' ()piraii4)11s huvL I)LLII XUlisltsLIIIry Lil IIIL yLiir iLndLr r%viLW. FlnMn¢lMI revlew. Tlii init)niityg Y¢￿I￿rec¥ and ri%(iurLL'% th a￿. %¢1 iyul iln Ihe 4nnL'xLNI PaUL S ¢)lih¥ finu￿1￿1 ¥tutClllLYII%. Puhllt ￿.￿eflI Tli¢ Iru%ii¢% ci)nlirni Il?Jt Ihey hyvL' N,fcrr¢d h) Ihi ¢Trniuincd i* Ili¢ ('hirily Coniniis%ion'% %¢ncrAI iiii ni11￿ 11)17lJni)ins i)I'(b¥rJn)IllL for ¢haTIIy, Siittment of dlrL*iors' (trnsl¢os) r¢8pon$lblllil¢J ol. cli#riiy ltsw. und Il?L firJiinci¥l ￿lillml.lllS in uLLui'dMnLC willi kEpplJL*iblL luw Jiid UTiiILd Kinbiduin ALLtsuniiii Siai)daixl% Illnitid Kin¥dom (￿.71CrA1IY A¢cipi¢d A￿1}Until)U P¢¥cliecl. C,'omi%iny Illw. r¢qiiircs ¢h¢ ITilStLcs lo pr¢pBrL finaii¢iJl ¥1fy1¢in¢nis IOT en¢h Ilnort¢iul year which giv¢ n truc fair vi¢w (Trl Ihc ¥latL of atTaii's ol.11￿ ¢l)ariiablc conipaiiy %ind of Ili¢ iiiioii1iii￿ r¢%L)Iir¢LS And apiiliudllon ol. rL'stsiire¢y, includ¢iiK II I￿[1￿￿. LxpiiidilLir¢. ill- Ihc bhMril&biL' Lomi?any fiJT ihui pcri(Ki. In pr¢p¥rinB Ilic&4 Iin¥nLi#I h1•W'm¥.￿1I, IhL I111￿cE nr¥ I'¢quireil ID., ¥elL¥CI suiidblL a&LMJUllling W)liLl¢￿ ih¢n upply iliertl Lon¥lil¢nily,' ob¥¢i'i'o Ilic principlc5 iii I1￿ c.hid rili¢% SORP,. ¥Jkc jiid¥Lmcnis Jiiil vylitnales Ilidi rLa%onablc prudlni: at¢ i¥thdliLf 1lPI)Ii¢iiblt UK A¥¢i)uniing 5mndllrds huvc L)ceii followcd, s11bj￿1 to ¢lny tnalcriiil dcpaTlures di.%Llo￿￿l Id LxplJinLd iii tlil. filia￿,1)I1 sialLlhL'nfs,' und prLI)iirL IhL fiiiaiiriT11 %lill¥ni¢'iii% oil IIK. KL)Ill¥ ¢()n¢¢rn liasi$ uiilL5& it i* iikipl)rvprillic Iv prcsuini Ihni ilie cknrilThl?l¥ eoniptiiiy w'ill coniiiikic in 4JpLYalion. Pagt 2 Kb*l8ll College London (A company Ilmlted by gu4rantee) Report of the trustees (Incorporallng ihe dlrector$' report) For the yeyr ended 31 January 2025 The tru5*es or¥ rtyonsible for kttping prDpBr acC￿N￿l￿8 records %vliich di￿10￿¢ w'ith reasonable accurn¢y ai ony time Ike finanLial p(18illLlrt of ih¢ thariiable eompttny whiLh enable them lo emwe rhthi Ik linthftelal sth*n*nis coffyly with tlie conipiln1￿ Aci 20Crf). They arL' 411SD fL￿￿)￿lible for ¥thr¢g￿r[lIng lh¢ of thL chnTi¢oblL' company 4nd hvncc r￿r tikin8 fcH¥oiiiibl¢ steps for Ihc prcv¢iiiion dnd di￿¢110n of frjiid iiiKI oilw irr¢8ulariiieA. SmAn comp*ny provlJlon$ Thi￿ ILI)Iiri lias b¢ert prepkLr¢d in acLUiLliirtLe wihin Ihc ¥pelCC.4 Conbidcr Ihii 1111 ¥Ji￿lI 1% 1101 reqiiircd lor ihig Yinr iind¢i' sc¢iion 144121 ol'ilie Llitsriiic.% Aci ?01 I Iilie ?01 l A¥1) ikni On ]ndL.￿nd￿nI ¢x4ininaiion 1% nkYd¢d. FluvinLr xaii%fied illy￿.11. I￿1 IhL' Lhirily iy wbjcLI l(i Trudil Urtdci LUiWny luw 1.% LliyiblL fur indLpLndLn¢ exominaiion, if is iiiy re8poii4¢bility to.. cxuminc Ihc iicLiwnts undcr ￿￿11￿￿ 145 th¢ ?l)I l Alt- l(1 folli)Kv Ilie pruiLdiir&% IuLd dow'ii In t1￿ Ciliieral DireLlion4 givin by Ihi C.hJriiy Lommi%>ioTr unthr ¥e¢iion 14SISXhl (Il'ihL ?111 I ALI.. und l(Tr ¥liilL whLihL'r pArti¢ulai' Injllirs hav4. wmc lo my uitL'iili(Trn, BA%55 of Indei)endoni ex&mlner's stot¢meni My cxllniifft￿lII￿n Ciirricd i)Iil In tt¢¢(?r(llln¥C will) Ihc (iciicrjil l)irL'¢iioI￿ yivcn by thc Choriiy C'oiiiiiiisgi(¥n. C￿lM￿ll4111(￿ ineludc% th r¥vi¢w ol. IhL IlCLYJuniinbV LLcINl% k'LTI by the ¢liiiyliy and 41 ¢oiiipiiri¥(In of Iht uc¥uiiini% pr¥%Lnicil ¢Kpliinptioii8 fruiii YDII Ii ¥ Iru?*l¢Ci conc¢rniiig Any siicll n)Thircrs. Th¢ pi'i)c¢diwos und¢rtokoii do not prnvidli oll Ilic ¢i,idLyiec Ihol ￿)Uld k. requir&￿ iii nn uudTI lind Ciins¢%UL'iiily no upjnbiiii 14 &iveJ Iiy 10 wliLilILr IIIL ILcouni5 pre￿rtI 'IruL 4iid lair viLw' und thL rkp4>rt 1% lin1ilL￿ L4) 11)u%k InuIlL￿ Kl iyut in I1￿ nL'Xt 4iulcinciil. IndepcndL'nt ibxoThlner'% qualllled ilatemont lil L(InnLLtiiin ￿.1*11 my L'xarninuliun, IhL. follijwinu mutlcrs havL l(J niy Uilinliiin: 'rh¢ Iru¥i¢¢* h•v¢ iithi ¢onwlie(I wilh Ilie followirt￿ iMii¢r¥ A I(IRn amLiiini ijf i21I,579 mlldL' ti) ¥niiihcr Lh￿rilY n￿rn(,￿ lftiirriaiiortul SLh(iiil Iif%ikh st￿lic￿ Lundon wiih(Trui the ￿.¢¢3$￿TY aiiihoriiy ur6d¥f Ih¥ ihiiriiy's ¢oiisiitiilion. Ther¢ urc no SUPFKtrninB docili1￿n¢* ¢0 Ycrify th4tl Ihc tr￿Ve1 ¢xpin.wi of£i,R16 Mr¢ TRlcied io Ihe clidTitobl¢ ncriiili¢s. Arvlnd l. J . I,'CA, CTA,DChA LrNy + P8nner% LiiiiklL(J ClIAnercd AcLountobi$ 7-8 Tli17. Pall￿¢ W¢¥i¢iTr A￿l￿Ul. Li)ndTrrt IV5 3RA Date., Y l)cceMber ?U25 %e4 KhalsA Collrye London (A ¢tsmp4ny Ilmlted by guarantee) ststeDRnt of flnaD¢lAI M¢tlvities (In¢orpor4ting th¢ In¢omt Y4nd expendlture aceount) For the y¢ar ended 31 Jinuary 2025 U*rtitrlcted fvtt 2025 T•t*l In24 In¢ome Acriviiioy for 8enerotin8 Inv¢¥MWIi i￿0 30.709 13 30.709 13 69,068 To¢ol Intome 30.722 30,722 E%ptTrdl¢urÈ Eximimiion fees Siiil7-cosi TnL¥ltu' ￿MU￿¢r￿N01) El￿￿11￿hTr¢fvl L￿$1$ Trnvel find Su￿.)1Ln¢t of voliTiii¢¢r% A¢¢oiiniiincy 1¢¢$ OvLrlK*i¢l% lfiierb'yt piiyable Ind 1SmllJr ehAr8ei AnK)ni381ion illWRirrn¢iil Depr¢ciMtion Nnd iiiip4inneni Priniin& po.%ld¥& BnJ.¥illliiiiiLry T¢l¢phiiiK' Bonk ¢li¢irkies 2.71.1 27.4.$1 14.V?I 2,14? 7,272 R.87 2.7(Y> 4,n.$4 6117 1..1?4 21 97 Tot•l eipendllurt KV.435 8(J.435 77.742 N¢t m•v¢m¢nt In fvnd• {58.7131 158.713) 18.674) T￿￿1 fundB brou8hi for¥v'¢ur Ih¥n iiiilcd in J¢¢nrIln￿c willi th¢ rc4vif¢niLiil% thl. *ili¢m¥ 3W aiid 1¥5. Nthte8 lo fin*net¥l .$l&ti'menls for the ye4r ended 31 J&nuAr> 21125 Slalemeiit of cfjmpllaiice 'rhL pi'incipol ￿l¢CO11n1¥[1k i)oli¢iiy siimnwri8ed below. ThL IIL'COUllliilW ptsIiLi4Y118vL b¥Y'n applicd cons151¥nily [hr￿1￿*b￿Itl Ilie yLllr Ilic pri*Ldinb ytur. ThL Irdti%ilio¥i iu I,'RS 102 hJ% rcsullL￿ irÈ ni> LI￿￿￿￿¢& in &LLuuniin¥ JI¢LILl+ Ii? Iho%c 4iiplicd prci'iuu%ly. Basls of ¥4eeountlA% TIIL tinu￿la] ildl¢inLni% JTC l)rLp#rLd liui'¥ b¥¢n pripurLd iii d¥ii)rylaiiL¥ willi A¥Liiuiitingi IiDd RLpiirlinu bv lh¢ trin4nLial Kiwfiinb Siiindthril iippli¥4iblL bn IliL. UK RcpublL¢ 4)r ITLlhnd11.'RS 1021 ILifLLIivL l Junudiy ?{1151 .1('h4rilie% %()RP (FR4 111?)). and thi L'iiThi?unic% Act ?IMIts. In¢oinlnK reiouree9 jII¢%l% 11711bC l(i%l¥ in¢iirr¢J (liN'Ltly in ¥up￿)7'1 oil'¥xp¢rrtliliir¢ on t1￿ t)bj¢L'ls (If th¢ il)Jrily nnd inL1￿(l¢ proj¢ci i￿7n4$¢I)I¢lll. 1.4. T*n#lble fixeil *isti$ And dvprtrl*il•n I.￿n￿lIb]L fixL.d SI¥￿,¢S ¥fL *ltllcd il Losi le&s ULLuintsltsied dLprLci#iiun. DeprLliAliall 1% prthvided at rDl¥y ¢Jlculiit¢J Iu WTil¥ ()IY th¢ ¢(i%l Ick4 r¢%¥lual v&lue (Jf Larh i)¥¢r iix ¢XPLLl¢d ux¢tul lifi, F(JllniY%'. No dLprLLialii)n 1% pi'thvidLd i)n Ireclmbld lJJxl Sirniglii lin¥ Ihiriy yL¥rs .I.ID/u PCT #nnum rediicinbt boloiiLC buyi I.IC*/o PL'r #nnum TLdLILillLE ￿LI￿n￿l bu41 l.ltrh pcy anniim fe(liiiinB hAlniiLL bASI$ Biiildinbi arid irnprovL'ni¢ni$ oniii ¢fjuipin¢nt Fixturc5. Iitliny and ¥411iPIN￿1II Library bwks Deflibod ¢onlrlbu¢lon pcnslon s¢h¢nie8 'I'l)e PLIL8ion ¢QSls ih#r¥ed sn Ihc financiThl %i#ieinLm15 reprr%cni Il)¥ Cl)niribuiioM fdy#blL by Ili¢ ¢hariiy duiin¥ Il yLyr. P•Ee 8 Kh*lsi Coll¢ge London (A tomp*Try Ilmited by guArantee} Y4ote$ to flnan¢l*l statements ror ttte ve￿r ended JI JJnu#ry 2025 1.6. ColD% ¢once The accounts h*v¢ bLYn prqMr¢d on the assumption thai the Ch#rily is able tsj Larry on its Ktivili¢% &8 concern. which ih¢ UVSi¢L% consider 4pwopri4tr havln8 regord lo the ri￿Ul1￿t￿rys. A¢ilvlil4ry for gen¢ro111)R fulldi 2•23 Totgl 2024 Other iciiviiios for fiJDds I￿0￿ 30.709 69.0(J8 311,709 Inve51nitil IMe•ffte 2•25 To¢•1 21124 Totil B•nk in*r¢o1 r¢¢eivable 13 ottliolag re￿lly1￿ for th¢ y¢•r 2•25 2024 oiiigoi118 Y¢soiirce% 1$ itAied &llcr bhar￿Sti8,, L)¢prcciAtiOTI And olli¢r writlai oll'10￿0bl¢ fix￿ 4sK15 Plet 9 Kh4Js* ColloklL. Londo (A enmp*Thy limlted by guarantee) Not¢$ to fln*nelal stltemethts for the year ended 31 J8nuary 2025 Emplo>'e Employm•nt i'oyty 2023 2￿4 26,504 947 28.97B 5.13 PL'n%ion iiJ%14 27,4J I 29,511 No eiTrwliiyiX' reLeived enioluiN'nl$ thf tban £¢LI.Q(JO (2024 '. Niii)e). Number of tmpk)ye The #y￿￿8¢ mottihly numb￿1 of ¢mpkJyeM (thclwdin8 tht Inlglces) during the y¢&r, i&lculoied ot) the bfj$is or fyll tlnK oqwvilfnts. ftsllowA'. 2•28 Number 2024 Numbrr Truste•, R¢muner*tlon and Il¢nent¥ 21115 2024 R¢muneralion ￿lj oth¢r benefitx 24224 6.000 colts The coiwiAny oper&ics 4 defined conlribuiioti peii%ioti %clieinc 111 thrrtci ol, Ihe Smart Pengion L￿. The 4Lhcm¢' nd i(¥ Jb¥il¥ 4Lre Ii¢ld by indL¥LllL¢LI)I Inlln4g¥rs. Tliv ￿￿¥1￿7 chdr¥e TcprL￿rnly ¢onlribuliorts thi¢ Iri¥n Lli omp•ny ond wwb iy follows.. 2025 2024 Pension ¢hai' 947 'r•xAfioo The chAriry's ac1iviiies tAII wlihln the exen4)ii0Th8 aftordcd by ilie pr(Ivisions olthc Section 478 of th¢ Cory)oraiiDn TM Aci 2010, A¢FopJinKly, th¢r¢ is np laxaiion ¥hJrby¢ in IhE¥c J¢¢ountJ. Kh4ls* College London (A company Ilmlted hy guorantee) ()te8 to fln*nelal statements for lkne year ehded 31 JgnllAry 2025 LAnd Prnperty IwllthidmprovemèTrti rreeliold Flxlyrei, Offlee IIttIDRi •Dd equlpJJÈ•t equlpmont T•ngtble flxtd I￿¢¢$ Llbriry T•t*l Cost Ai l February 2024 Addition5 46,973 157,527 22,715 54J43 673,07J 19,500 19..41)n Al 31 Januory 2025 411,015 46.1173 157.527 22.715 54,343 92,573 Deprnd•tlon Al l F¢bruJry 21124 Chgr8e for Ehe yciw Al 3 l Jnnu8ry 2023 fi9..195 ..f25 38.897 2.J50 22.645 23 53.771 191 1.14.75X ?.4l)? 75.920 41.247 1.$2.$4? 22.668 53.961 34(1.3 19 Nel book Yaluei Ar 31 Jfynvnry 2023 3,726 4,985 4? 381 346.2.34 Ai 31 Jfiwiry 2024 322.120 8.070 7.477 70 J72 338.315 Tli¢ Charity ￿r(h￿s'¢d its Bcliool pi¢m•s¢s joiiiily wlth IwLrema¢ionol %hool of stkli Jtudi¥5 LoiKlon. 4noilier Chariiy wlth cominon lrnSl¢ts. Th¢ #hlli'e of 43•/• ofili¢ I￿.[￿01￿ c£￿ hAg E¢en cApiralk*¢d in ihe &¢coul￿S ond Ilic ol'57¥ i• Iwld on w¥t f¥)r Int¢m8rioiial s¥liotyld Sikh ¥tudir¥, 10. Credliors: f•lllA% due wlthln one yeAr 2025 AnKsunts #wed m gniup underthkin¥4 Othir und 80¢iiI ye¢ui'iiy Unpaid wage5 Ac¢runlx ?11,579 455 2.823 1,613 22,822 2.068 I l. A Tr•lysig of pet A8Kti betweea fund¥ Unrestrlcted Fund ￿18￿¢¢1 At J I JAnuAry 2rI25 ax reprchLrned by.. T8n8ibl¥ fixixl 8*8ets CunL'nl 4s5ol8 Cuffvnt liJbiliti¢s J46,234 466 22,¥22 346,214 466 22.822 369,522 369.522 ￿￿¢ 11 Kb4lr6A Coll¢&ie London (A company limited by guAranteo) Not¢$ to flnan¢lal st*t*monl$ ror the y¢ar elided 31 January 2025 12. UArestrlcted fund A¢ At I Vtbruiry Imtomlni Oiityolrti .11 JAn￿￿rY 2014 resoureey r¢sourc¢s 2025 Unr¢Mrict¢d F￿ld IN2,4110 30,722 1119.434) 323,117b 13. Related PArty trnAiactlons Thc Iruslee for Khul.%o Coll¢g¢ London also ITus¢cc of Inleniational Schthnl nf Sikli Sliidies London. 14. Conip•Dy Ilmlted bv xu•rRlItL'c KhAl%th Li)Ilcge Lond¢)n 1% o cuixpuny lirnii¢,d by ¥yoraniL¢ #fid th¢¢,￿rdInglY doci ntsl knv¢ * xh&r¢ Lupilul. Tr.v¢ry m¢ihb¢r of thc ￿InpullY und¢Tthkos lo coniribute such aniouni A8 MAY ￿ Irqiiir¢d ¢x¢¢cilin8 Ll 10 ihc 114%¢1s uf ihc LhUrit￿￿lC L()rnp4ny in Ihe cv¢nl ol. litt b¢ing WiHind up whil¥ hL' nr ¥lie 14 a INniber, ¢r wlihin tsnc yenr Aftcr ho or sh¢ ¢¢05¢s lo be N rn¢inlw. h#¢ 12